RAK ICC Foundation

A RAK ICC Foundation is a corporate body created with a legal personality separate from that of its Founder(s) registered at RAK ICC. The Foundation acts through its council to administer its assets and carry out its objects.

What is a Foundation used for?

Enhanced succession planning and asset protection

Provide a robust governance structure

Guardian oversight

Distinct legal personality that separates liability whilst maintaining control of assets and have perpetual existence after the lifetime of the Founder